Galvin Gaustad & Stein LLC Has $17.84 Million Stake in Copart, Inc. (NASDAQ:CPRT)

Galvin Gaustad & Stein LLC decreased its holdings in Copart, Inc. (NASDAQ:CPRT) by 2.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 310,878 shares of the business services provider’s stock after selling 8,195 shares during the quarter. Copart accounts for about 1.6% of Galvin Gaustad & Stein LLC’s portfolio, making the stock its 23rd largest holding. Galvin Gaustad & Stein LLC’s holdings in Copart were worth $17,841,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Principal Financial Group Inc. raised its stake in Copart by 2.5% in the 3rd quarter. Principal Financial Group Inc. now owns 38,876,517 shares of the business services provider’s stock worth $2,037,130,000 after purchasing an additional 941,858 shares in the last quarter. State Street Corp raised its stake in Copart by 0.4% in the 3rd quarter. State Street Corp now owns 34,157,967 shares of the business services provider’s stock worth $1,789,877,000 after purchasing an additional 120,939 shares in the last quarter. Edgewood Management LLC raised its position in shares of Copart by 0.6% in the 3rd quarter. Edgewood Management LLC now owns 20,555,713 shares of the business services provider’s stock valued at $1,077,119,000 after buying an additional 125,220 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Copart by 1.6% in the 3rd quarter. Geode Capital Management LLC now owns 18,763,926 shares of the business services provider’s stock valued at $979,547,000 after buying an additional 291,580 shares in the last quarter. Finally, Legal & General Group Plc raised its position in shares of Copart by 9.4% in the 2nd quarter. Legal & General Group Plc now owns 6,943,042 shares of the business services provider’s stock valued at $376,035,000 after buying an additional 598,566 shares in the last quarter. Institutional investors and hedge funds own 85.78% of the company’s stock.

Insider Buying and Selling

In related news, Director Thomas N. Tryforos sold 83,310 shares of the company’s stock in a transaction that occurred on Thursday, December 5th. The shares were sold at an average price of $61.86, for a total transaction of $5,153,556.60. Following the completion of the transaction, the director now directly owns 7,850 shares in the company, valued at $485,601. This represents a 91.39 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daniel J. Englander sold 235,480 shares of the business’s stock in a transaction that occurred on Monday, January 6th. The stock was sold at an average price of $56.84, for a total transaction of $13,384,683.20. The disclosure for this sale can be found here. Insiders sold a total of 650,213 shares of company stock worth $39,199,813 in the last three months. 9.68% of the stock is owned by corporate insiders.

Copart Trading Up 0.1 %

Shares of NASDAQ:CPRT opened at $57.51 on Thursday. The firm has a 50 day moving average of $59.08 and a 200-day moving average of $54.78. The stock has a market capitalization of $55.41 billion, a PE ratio of 40.39 and a beta of 1.33. Copart, Inc. has a 12 month low of $47.73 and a 12 month high of $64.38.

Copart (NASDAQ:CPRT) last released its quarterly earnings data on Thursday, November 21st. The business services provider reported $0.37 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.37. The business had revenue of $1.15 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Copart had a net margin of 31.92% and a return on equity of 18.96%. The firm’s quarterly revenue was up 12.4% compared to the same quarter last year. During the same period in the prior year, the company earned $0.34 EPS. On average, research analysts predict that Copart, Inc. will post 1.57 EPS for the current fiscal year.

Analysts Set New Price Targets

Separately, JPMorgan Chase & Co. boosted their target price on shares of Copart from $55.00 to $60.00 and gave the company a “neutral” rating in a research report on Tuesday, November 19th.

Copart Company Profile

Copart, Inc provides online auctions and vehicle remarketing services. It offers a range of services for processing and selling vehicles over the Internet through its Virtual Bidding Third Generation Internet auction-style sales technology on behalf of vehicle sellers, insurance companies, banks and finance companies, charities, and fleet operators and dealers, as well as individual owners.